Three Car Stereo Stores in LA and OC For Sale

Business description

Three Car Stereo Stores in LA and OC - Great Income!
Great Money Maker - Package of three Car Stereo stores, two are in LA countly and one is in OC. They sell and install car stereos, DVD players, GPS, security, rims and tires and tint. Each store has 1 installation bay that can fit 3-8 cars. There is manager in place in each store, salespeople and technicians-installers. It's a well-oiled machine. The owner is involved in marketing and purchasing only and spends around 5-8 hrs/wk on these store - practically ABSENTEE situation.
These stores generate around $300,000 net income, based on 2008 numbers! Net income in 2007 was even greater. The business is priced very competitively at $549,000 + inventory, less than 2 times the net income. Full inventory is necessary to maintain existing business model - every item is available in stock and ready to be installed immediately. Most similar businesses don't have all items in stock and order them as needed, allowing 2-3 days for delivery.

The owner got involved in other ventures that require him to leave the country.

We have other similar stores for sale from the same owner. You can buy a package of 2, 3 or 4 stores if desire, and save even more. Buying a package offers you a great bargain deal. Contact agent for details.

Property information

Real Estate:

Lease

Other information

Support & training:

2 weeks

Reasons for selling:

Other business interests

Trading hours:

9-7

Furniture / Fixtures value:

$300,000 (included in the asking price)

Inventory / Stock value:

$350,000